Federal Facilities: SEC Operations Center Lease Appears Reasonable
GGD-92-39BR
Published: Feb 14, 1992. Publicly Released: Feb 14, 1992.
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Highlights
Pursuant to a congressional request, GAO reviewed allegations by an anonymous Securities and Exchange Commission (SEC) employee regarding an SEC lease for office and computer space for an Operations Center.
Recommendations
Recommendations for Executive Action
| Agency Affected | Recommendation | Status |
|---|---|---|
| United States Securities and Exchange Commission | To protect the government's interests in the event that SEC selects a new headquarters, the Chairman, SEC, should direct SEC officials not to enter into a long-term succeeding lease for the existing headquarters building or renovate it until: (1) the General Services Administration (GSA) commits in writing to take over the remaining term of the lease if SEC vacates the space in 1994 or 1995; and (2) SEC and GSA agree on how to configure and renovate the top floor to meet government needs for the space over the long term, thus avoiding a possible second renovation if GSA takes over the space. |
Closed – Not Implemented
The recommendation is no longer applicable because SEC plans to stay in its current headquarters building, and GSA will not take over the space.
|
| United States Securities and Exchange Commission | If SEC and GSA cannot reach agreement on those matters, SEC should not enter into a long-term lease for its present headquarters building unless SEC decides not to move to a new headquarters building. |
Closed – Not Implemented
The recommendation is no longer applicable because SEC plans to stay in its current headquarters building, and GSA will not take over the space.
|
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